All PropertyEU Archive articles – Page 1681
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PropertyEU Archive
Stacey Rauch joins Land Securities as non-exec director
UK REIT Land Securities has announced that Stacey Rauch will join the board as a non-executive director on 1 January 2012. Rauch is a director emeritus of McKinsey & Company where she worked in the US for 24 years. There, she was a founding partner of the New Jersey office ...
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PropertyEU Archive
Distressed loan sales gather pace
Reports that the Chinese Investment Corporation (CIC) is partnering with Blackstone to buy a stake in Project Isobel, a property loan portfolio being sold by the Royal Bank of Scotland is 'really good news' for the market, according to Hans Vrensen, global head of research at DTZ.
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PropertyEU Archive
DTZ Echinox names head of property management
Yves D'Arfeuille has been appointed as the new head of property management for DTZ Echinox. D'Arfeuille is French and speaks Romanian fluently, as he has been living in Romania for over 10 years. He has an extensive project & property management experience, working both on a retailer's side - with ...
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PropertyEU Archive
Westfield mulls third mega mall for London
Westfield Group is considering the development of a third major retail scheme in London. The Sydney-listed shopping centre developer-owner has entered into an exclusive arrangement with Whitgift Foundation to explore the potential redevelopment of a retail centre in Croydon, south London.
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PropertyEU Archive
Hatfield Philips accelerates EUR 156m loan on Berlin mall
Hatfield Philips is demanding repayment in full of the loan backed by the Quartier 206 shopping centre in Berlin after the borrower defaulted on the debt and interest payments due in October.
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PropertyEU Archive
ECE's Auxideico gets 2nd new management contract in Spain
Auxideico, the Spanish shopping centre manager owned by Germany's ECE, has been picked by owner Union Investment Real Estate to manage the �rea Sur shopping center in Jerez de la Frontera near Cádiz in southern Spain.
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PropertyEU Archive
PropertyEU Magazine November 2011
The November 2011 edition of PropertyEU Magazine looks at retail property buyers. The share of retail property in total investment volumes has grown significantly since the outbreak of the financial crisis with investors flocking to this traditional safe haven. Germany has become the biggest retail investment market in Europe this ...
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PropertyEU Archive
GSW closes purchase of EUR 330m Gagfah portfolio
GSW Immobilien, the German housing firm which went public earlier this year, has completed the purchase of 4,800 apartments for EUR 330 mln from Gagfah, the largest listed residential property owner in Germany.
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PropertyEU Archive
Europe's funding gap rises 4%: DTZ
The European real estate debt situation is continuing to erode at a time when the global situation is showing signs of improvement, according to new research by property adviser DTZ. The firm found that Europe's debt funding gap rose 4% to $122 bn (EUR 90 bn) in the last six ...
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PropertyEU Archive
Multiple bids for EUR 450m Catalan portfolio
A EUR 450 mln portfolio being sold by the Catalan government in an effort to boost finances has drawn several bids from both local and international players, Spanish brokerage firm Aguirre Newman told PropertyEU.
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PropertyEU Archive
Immofinanz seals takeover of Romanian developer Adama
Austrian listed group Immofinanz has completed the acquisition of the remaining 69.22% stake it did not already own in Southeastern European residential developer Adama for just over EUR 42 mln.
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PropertyEU Archive
Blackstone's Polish fund to expand Magnolia Park in Wroclaw
Private equity firm Blackstone's newly launched Polish retail fund will reveal expansion plans for its 67,000 m[sup]2[/sup] Magnolia Park retail and entertainment centre in Wroc³aw at next week's Mapic fair in Cannes.
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PropertyEU Archive
VTB Capital poised to sell Moscow business centre - report
VTB Capital is reportedly selling the Lesnaya Plaza business centre in Moscow to 01 Properties owned by Russian banker Boris Mints for an undisclosed amount.
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PropertyEU Archive
Tristan confirms VGP logistics buy in Czech Republic
European fund manager Tristan Capital Partners has confirmed the acquisition of an 80% stake in six logistics parks in the Czech Republic from developer and manager VGP for around EUR 135 mln.
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PropertyEU Archive
Värde closes in on Spanish retail portfolio deal at hefty discount
Värde Partners is poised to close the purchase of a retail portfolio across Spain at a massive discount, PropertyEU has learnt.
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PropertyEU Archive
Fund managers outsource more services to focus on investment
European real estate fund managers are looking to outsource more services to third parties in order to meet increased investor requirements and respond to burgeoning regulation, according to new research from financial services provider State Street Corporation.
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PropertyEU Archive
Perella Weinberg sells Spanish retail park
Sociedad Industrial Cartagenera de Desarrollo (SICD), the owner of Mediterráneo retail park in Cartagena, has acquired the Mandarache retail park, also in Cartagena, from private equity group Perella Weinberg Capital Partners. Financial details were kept confidential.
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PropertyEU Archive
Prologis leases 285,000 m[sup]2[/sup] of European space in Q3
Industrial property specialist Prologis signed a total of 285,000 m[sup]2[/sup] of new lease agreements in its European portfolio during the third quarter of 2011. Lease renewals totalling 608,000 m[sup]2[/sup] were also signed during the same period.
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PropertyEU Archive
Fornebu agrees EUR 100m sale of commercial asset near Oslo
Norwegian listed real estate company Fornebu Utviklings has announced the sale of a commercial property at Fornebu, to the west of Oslo, for NOK 780 mln (EUR 100 mln) in cash. The buyer is Aker ASA, a Norwegian holding company engaged in offshore fishing, construction and engineering.
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PropertyEU Archive
Aareal lifts new business in Q3
Wiesbaden-based Aareal Bank reported new lending surged to EUR 3 bn in the third quarter of 2011, boosting the total of new business originated so far this year to EUR 6.2 bn. This marks an increase of more than 50% over the EUR 4.1 bn generated in the year-earlier period.


